Fab Raising at Least $250 Million

By

Spencer E. Ante

May 20, 2013 5:14 p.m. ET

The billion-dollar startup club may soon get a new member.

Online design retailer Fab Inc. is in advanced talks to raise $250 million to $300 million in venture capital in a deal that would value the fast-growing but unprofitable company at $1 billion not including the new capital, people familiar with the matter said.